XML 16 R5.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Dec. 31, 2016
Dec. 26, 2015
Cash Flows from Operating Activities:    
Net income (loss) $ 24,872 $ (46,844)
Non-cash items:    
Depreciation and amortization 67,531 67,721
Impairment of assets 3,413 85,048
Provision for losses on accounts receivable and inventory 11,398 4,055
Stock-based compensation expense 6,608 6,199
Deferred tax benefit 0 (7,088)
Unrealized loss (gain) from hedging activities 331 (2,867)
Changes in fair value of contingent consideration 0 (4,727)
Other non-cash operating activities 885 862
Change in operating assets and liabilities:    
Change in accounts receivable 3,878 (4,186)
Change in inventories (13,960) 2,791
Change in prepaid income taxes 868 997
Change in other assets and other liabilities (996) 6,622
Change in accounts payable and accrued expenses 20,333 (39,971)
Net cash provided by operating activities 125,161 68,612
Cash Flows from Investing Activities:    
Capital expenditures (60,517) (73,871)
Proceeds from sale of property, plant and equipment 1,773 397
Other acquisitions and investments 0 (3,000)
Net cash used in investing activities (58,744) (76,474)
Cash Flows from Financing Activities:    
Net (decrease) increase in short-term loans (40,975) 7,143
Repayment of term loan borrowings (30,827) (7,114)
Proceeds from employee stock purchase plan 3,560 4,340
Proceeds from exercise of stock options 18,278 10,489
Share repurchases 0 (60,984)
Payments on long-term real estate mortgage 0 (845)
Net cash used in financing activities (49,964) (46,971)
Effect of exchange rates on cash and cash equivalents (1,937) (662)
Net Change in Cash and Cash Equivalents 14,516 (55,495)
Cash and Cash Equivalents at Beginning of Period 115,123 160,662
Cash and Cash Equivalents at End of Period 129,639 105,167
Supplemental Disclosures of Cash Flow Information:    
Interest paid 6,058 6,206
Income taxes paid 5,724 5,884
Transfers from inventory to fixed assets for placement of Haemonetics equipment $ 5,081 $ 9,259